Advisor OS LLC Purchases 2,087 Shares of Sysco Co. (NYSE:SYY)

Advisor OS LLC increased its position in shares of Sysco Co. (NYSE:SYY) by 21.0% during the fourth quarter, HoldingsChannel reports. The fund owned 12,030 shares of the company’s stock after buying an additional 2,087 shares during the quarter. Advisor OS LLC’s holdings in Sysco were worth $920,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of SYY. Ashton Thomas Securities LLC bought a new stake in shares of Sysco during the third quarter worth about $26,000. Stonebridge Financial Group LLC acquired a new stake in Sysco during the 4th quarter worth approximately $31,000. Valley Wealth Managers Inc. bought a new stake in Sysco during the 3rd quarter worth approximately $31,000. Focused Wealth Management Inc acquired a new position in Sysco in the 3rd quarter valued at approximately $37,000. Finally, HHM Wealth Advisors LLC raised its stake in shares of Sysco by 107.4% during the fourth quarter. HHM Wealth Advisors LLC now owns 620 shares of the company’s stock valued at $47,000 after acquiring an additional 321 shares during the last quarter. Institutional investors and hedge funds own 83.41% of the company’s stock.

Sysco Stock Up 1.1 %

Sysco stock opened at $74.49 on Wednesday. The company has a quick ratio of 0.68, a current ratio of 1.20 and a debt-to-equity ratio of 5.66. The company has a market capitalization of $36.44 billion, a PE ratio of 19.15, a PEG ratio of 1.88 and a beta of 1.17. The firm’s fifty day moving average is $73.78 and its 200 day moving average is $75.66. Sysco Co. has a 12-month low of $69.03 and a 12-month high of $82.33.

Sysco (NYSE:SYY) last released its quarterly earnings data on Tuesday, January 28th. The company reported $0.93 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.93. Sysco had a net margin of 2.40% and a return on equity of 106.30%. During the same quarter in the previous year, the firm posted $0.89 EPS. As a group, sell-side analysts predict that Sysco Co. will post 4.58 EPS for the current fiscal year.

Analysts Set New Price Targets

SYY has been the topic of several analyst reports. Barclays reduced their price objective on shares of Sysco from $93.00 to $85.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 29th. Guggenheim reiterated a “buy” rating and issued a $85.00 price target on shares of Sysco in a research report on Wednesday, January 29th. Melius started coverage on Sysco in a research report on Wednesday, December 18th. They set a “hold” rating and a $85.00 price objective for the company. Morgan Stanley reduced their target price on Sysco from $79.00 to $77.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 29th. Finally, Wells Fargo & Company lowered their price target on shares of Sysco from $87.00 to $82.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $84.38.

Insiders Place Their Bets

In related news, EVP Greg D. Bertrand sold 21,844 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $80.00, for a total value of $1,747,520.00. Following the transaction, the executive vice president now directly owns 60,581 shares in the company, valued at $4,846,480. This trade represents a 26.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Eve M. Mcfadden sold 6,499 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $80.00, for a total transaction of $519,920.00. Following the sale, the senior vice president now owns 48,451 shares of the company’s stock, valued at $3,876,080. This trade represents a 11.83 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 76,370 shares of company stock worth $5,965,519. Corporate insiders own 0.54% of the company’s stock.

Sysco Company Profile

Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of various food and related products to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally. It operates through U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other segments.